Impending economic meltdown and the ongoing crisis at Northern Rock... but what's this major story at the top of the Financial Times? "Martin Lukes goes to jail" screams the strapline above today's masthead, accompanied by a picture of handcuffs. The paper has full coverage across the whole of page 12 - and an editorial on page 10 - devoted to this landmark event.

Just in case you didn't know, Martin Lukes doesn't actually exist - he's the very entertaining creation of FT columnist Lucy Kellaway. Lukes is an MBA-jargon-spouting cretin who has been emailing samples of his own brand of idiocy for nine years.

Anyway, his saga - also chronicled in the novel (or "seminal management tract") Who Moved My Blackberry? - has finally come to an end today. The FT has even press-released the event, alongside another release detailing the fact (yes, fact!) that its other Martin, the distinguished chief economics commentator Martin Wolf, has just won a lifetime achievement award.

Any FT readers unaware of the spoof might feel themselves the victim of an April Fool-style joke such is the extent and deadpan presentation of today's coverage - which had previously been confined to a column. But even the swiftest read of the copy should leave them under few illusions - it's as funny as earlier instalments of the story.

Lukes, a Basingstoke-born middle manager who had risen to become CEO of the US-based corporation a-b glôbäl, has just been convicted of insider trading - he passed inside information to his son Jake, "a trader at Testarossa Capital in London". Needless to say, he maintained he was innocent, "830% innocent" to be precise. His numerous workplace affairs were made public during the trial, but at least new wife Sherrill is standing by him.

The FT leaves the last word to Kellaway, who "arguably knew him better than anyone". "Martin was one of the most difficulty men I've worked with - and that's saying something," she said. "He had occasional flashes of brilliiance but was also maddening, pompous, vain, lecherous and insecure. Yet - weirdly - now that he's gone, I find I miss him."